E-gold.com owners indicted by Washington DC grand jury

CheapPurses Banned

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#1

Digital Currency Business E-Gold Indicted for Money Laundering and Illegal Money Transmitting

WASHINGTON â€“ A federal grand jury in Washington, D.C. has indicted two companies operating a digital currency business and their owners on charges of money laundering, conspiracy, and operating an unlicensed money transmitting business, Assistant Attorney General Alice S. Fisher of the Criminal Division and U.S. Attorney for the District of Columbia Jeffrey A. Taylor announced today.

The four-count indictment, handed down on April 24, 2007, and unsealed today, charges Eâ€‘Gold Ltd; Gold & Silver Reserve, Inc.; and their owners Dr. Douglas L. Jackson, of Satellite Beach, Fla.; Reid A. Jackson, of Melbourne, Fla.; and Barry K. Downey, of Woodbine, Md., each with one count of conspiracy to launder monetary instruments, one count of conspiracy to operate an unlicensed money transmitting business, one count of operating an unlicensed money transmitting business under federal law and one count of money transmission without a license under D.C. law.

Subsequent to the indictment, the Department of Justice also obtained a restraining order on the defendants to prevent the dissipation of assets by the defendants, and 24 seizure warrants on over 58 accounts believed to be property involved in money laundering and operation of an unlicensed money transmitting business. The restraining order does not limit the Eâ€‘Gold operationâ€™s ability to use its existing funds to satisfy requests to exchange E-Gold into national currency for customers of non-seized accounts, or its ability to sell precious metals to accomplish the same, once approval has been received.
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More on the US Department Of Justice's web site:
http://www.usdoj.gov/opa/pr/2007/April/07_crm_301.html

CheapPurses, Apr 28, 2007 IP

Arcanus Well-Known Member

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#2

well at least that settles that!

I feel sorry for all the customers whose money will no doubt get seized by the feds.

Arcanus, Apr 28, 2007 IP

Daz Guest

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#3

damn! Neteller, now e-gold... But then again, I dont think you couldnt see this coming though.

Daz, Apr 28, 2007 IP

getjimmy Prominent Member

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#4

I am already facing problem with my EG account
http://forums.digitalpoint.com/showthread.php?t=312444

getjimmy, Apr 28, 2007 IP

naldenos Banned

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#5

I will buy my e-gold account back from the US Marshalls once they sell it at Public Auctionb after those trials may take ten years to end and finalize so I might get it back cheap , Ive managed to sell most of my own e-gold at 1:1 , some people heard they used some cloaking web site to access your e-gold if your IP is listed/blacklisted in Spamhaus, oh well , as they say - easy come -easy go

naldenos, Apr 28, 2007 IP

Paukz7 Peon

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#6

Damn, Is that true?
E-gold was the only way how I could get money in my hands
OMG! OMG! Damn stupid Money Stealers!

Paukz7, Apr 28, 2007 IP

devAngel Banned

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#7

Well if you guys are in a panic and don't want to end up losing all your money, I can buy your egold off you and give you a different ecurrency (mb, pp, etc) but rates are low as the money is not really valuable

devAngel, Apr 28, 2007 IP

Arcanus Well-Known Member

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#8

i don't have an e-gold account..so i'm wondering...can those of you that have an e-gold acc,currently log in and withraw your funds??

Arcanus, Apr 28, 2007 IP

IhateScam Peon

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#9

CheapPurses said: ↑

More on the US Department Of Justice's web site:
Click to expand...

It's been about the time! E-gold was a big scam from day one! Naive people invested money, unbeliable!

IhateScam, Apr 28, 2007 IP

devAngel Banned

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#10

What is your problem kid

devAngel, Apr 28, 2007 IP

cool_78 Guest

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#11

Good thing I dont have that much money in my egold account any more.

cool_78, Apr 28, 2007 IP

rajatoo9 Peon

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#12

Hmm....I don't think they will get closed <ding>
They are from 1996 (as stated)
And they are handling legal stuff from a long time ...

At most i think they will add something like paypal where you need to verify your
account like paypal ....
And don't accept countries which paypal don't accept

If they really going to close they will make official announcement first
If they just Close like" that " then i am sure they will get in big trouble

Just i think !
And don't want to think something wrong LoL!

Rajat

rajatoo9, Apr 29, 2007 IP

Miss Miaow Active Member

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#13

I got around $6 E-gold left, so I don't think I will be affected so much. But I really feel sorry for those who have a lot of E-gold right now.

I hope everything will turn out okay.

Miss Miaow, Apr 29, 2007 IP

devAngel Banned

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#14

You should give me that

devAngel, Apr 29, 2007 IP

JeffMichaels Well-Known Member

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#15

Haha, wow, I never trusted e-gold for years; something about that website just didn't sit right with me. My intuition has finally been vindicated

JeffMichaels, Apr 29, 2007 IP

devAngel Banned

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#16

What do you mean, E-Gold is still trustable, they aren't going to close, trust me

devAngel, Apr 29, 2007 IP

rajatoo9 Peon

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#17

Yep,Thats what i am saying ...
But have to say some exchanger will make good profit because of "E-gold closing rumors"
Reason buying e-gold at low rates

Rajat

rajatoo9, Apr 29, 2007 IP

devAngel Banned

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#18

Yea I made $60 then gambled it off panicked people already

devAngel, Apr 29, 2007 IP

rajatoo9 Peon

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#19

devAngel said: ↑

Yea I made $60 then gambled it off panicked people already
Click to expand...

Taking benefits from panicked people .... .. LOL!
I saw few exchanger also who doing this and bought good amount of E-gold

Special Rumor:- All exchanger who buying e-gold will get blocked within 1 min from now j/k.

rajatoo9, Apr 29, 2007 IP

GetWebHost Active Member

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#20

Here's another post from another forum:

P.S. I can still access my e-gold account. We do exchange at http://pinoygoldexchange.net/

From another source:
Don't know if you subscribe to DGC Chat, but Ian Green just made a post
worth bearing in mind, one which recounts the things we've heard from the
government about e-gold over the years (like myself, Ian's been around
almost since the begining.)

1) e-gold has co-operated with the FBI and SEC on numerous fraud
investigations, going back as far as the year 2000, often without being
forced via a court order.

2) e-gold was denied a money transmitter licence in 2002 and 2004, on the
basis that they were not a money transmitter business. In the famous
BusinessWeek article, a guy from the FBI explicitly states that e-gold is
not subject to the same laws as eg. your bank on the corner.

3) e-gold 100% co-operated, without a court order, on a major IRS
investigation in 2004, and the ShadowCrew bust in 2005 with the Secret
Service and DoJ -- also without a court order.

4) All that, but the current indictment uses this same timeframe -- 1999
to 2005 -- as the specific timeframe when e-gold was acting illegally.
Not from 1996 to 1999, and not from 2005 to 2007, but the six-year period
when e-gold was probably much more sanguine than they are now about
co-operating, since they had not yet been dragged backwards through the
briar patch by the media and government as they have been the last couple
of years.

I also would add a couple of things -- regarding child ****ography. E-gold is a charter member of the Financial Coalition to Eradicate Child ****ography, a group run by the National Center for Missing and Exploited Children. They have always taken child **** seriously and always taken steps to eliminate cp pushers from the e-gold system, despite what the media and incictment allege. In and of itself this is just an "okay, that's super" factoid, but what is
generally non-public knowledge is that I myself was asked to appear before
the US House of Representatives Finance Committee last year, to discuss
initiatives in the industry against child ****ography. This meeting fell
apart when the woman from the committee simply stopped responding to my
messages. She stopped responding to my messages because they were not
interested in anything to do with cp! Everytime we talked or e-mailed the
conversation immediately switched to "what do you know about Doug
Jackson?" and an insistence on talking about tax evasion and money
laundering. When I continually tried to steer the conversation back to
kiddie **** she simply stopped communicating with me and the FC withdrew
their invitation for me to come to speak. I still have all the old e-mails and notes between her and myself; maybe I should post them online somewhere.

The fact that the restraining order allows e-gold to continue out-exchanges and unbailments in furtherance of out-exchanges is actually extraordinary if you think
about it. Look at EMO, ICIS, INTGold and other forced closings in the US.
In fact, and maybe mention this to your list, it speaks _very_well_ of
e-gold that they are being allowed to do this. It is basically 1) an
acknowledgement by the government that e-gold is not suspected of any fraud, and 2) an acknowledgement by the government that e-gold is actually gold-backed. Since various anti-e-gold idiots at TalkGold and elsewhere have questioned e-gold's integrity for years, I think that these two
points need to be reinforced to the general public.
Click to expand...

GetWebHost, Apr 30, 2007 IP

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E-gold.com owners indicted by Washington DC grand jury

CheapPurses Banned

Arcanus Well-Known Member

Daz Guest

getjimmy Prominent Member

naldenos Banned

Paukz7 Peon

devAngel Banned

Arcanus Well-Known Member

IhateScam Peon

devAngel Banned

cool_78 Guest

rajatoo9 Peon

Miss Miaow Active Member

devAngel Banned

JeffMichaels Well-Known Member

devAngel Banned

rajatoo9 Peon

devAngel Banned

rajatoo9 Peon

GetWebHost Active Member

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